Loss Prevention

Risk and Rewards: How Property Data Helps Retailers Prevent Loss
June 21, 2021 at 5:33 pm

While one may have expected retail theft would decrease during the lockdown periods caused by COVID-19, burglary continued, with rates varying across the country depending on location and store as well as crime type. According to the National Retail Federation (NRF), organized retail crime perpetuated by professional groups of criminals is also continuing to grow,…

Reducing Retail Shrinkage With Video Surveillance
May 5, 2021 at 1:55 pm

The evolution of in-store shopping behaviors combined with the continued e-commerce boom has increased the importance for retailers to secure profit margins. Loss of inventory due to customer and employee theft can impact these margins significantly, meaning theft prevention should be a key focus area for retailers. The numbers prove this: According to a survey…

Combat Counterfeiters With Hidden Online Data
July 6, 2020 at 12:35 pm

Counterfeiting may have once catered to consumer temptation — a way to access and flaunt expensive brands at a fraction of the price. However, the proliferation of e-commerce has also translated to the counterfeiting industry: not only has it grown, but an increased number of consumers are unintentionally purchasing fake items. Counterfeiters are leveraging online…

Mitigating Frictionless Checkout Risk With Prescriptive Analytics
March 11, 2020 at 6:00 am

Frictionless checkout is rapidly becoming the future of retail, especially with Amazon.com's push to expand its checkout-free “Amazon Go” stores, which leverage digital imaging to redefine the checkout experience. We can expect to see increasingly fewer cashiers, registers and lines as more retailers turn to frictionless checkout to improve efficiency, convenience and satisfaction. While retailers…

How Retailers Can Ensure Their Stores Are Safe and Secure
July 1, 2019 at 11:10 am

Retailers face a number of threats, some specific to their brand and merchandise, others based on their geographic location. Keeping employees and customers safe requires a two-pronged approach: establishing the right culture and providing a safe and secure physical environment. For employees, this means investing in security awareness training for staff, which is simply a…

Calling All Retailers: Understanding Cyber Threats and How to Combat Them
March 28, 2019 at 10:56 am

Now more than ever, cybersecurity is a crucial form of protection for businesses across industries working to combat a variety of threats. It's easy for organizations and individuals to grow complacent about security, but implementing measures to protect the data of customers, partners and your own business is a key step in mitigating cyber risks,…

When Will They Strike? Understanding Fraud in Online Shopping
March 7, 2019 at 12:26 pm

Retail transactions during peak shopping periods, especially online and mobile sales, continue to increase each year — with the 2018 holiday shopping season serving as a prime example. The season saw record sales, with Black Friday far exceeding expectations and Cyber Monday becoming the largest online shopping day in U.S. history. E-commerce and m-commerce retailers…

The True Cost of Time Theft
January 17, 2019 at 2:51 pm

The opportunity to end wasteful time theft — and create improved conditions (and fewer losses) for everyone — is at hand.